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Here's Why Cheniere Energy Partners, L.P. (CQP) is a Strong Momentum Stock

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

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Cheniere Energy Partners, L.P. (CQP)

Headquartered in Houston, TX, Cheniere Energy Partners, L.P. is the owner and operator of regasification units at the Sabine Pass LNG terminal, located in Cameron Parish, LA. It provides clean, secure, and affordable LNG to several entities, comprising utilities as well as integrated energy firms, all around the world. The Sabine Pass LNG terminal is North America’s first large-scale liquefied gas export facility. The publicly-traded Delaware limited partnership was formed in 2006 by Cheniere Energy, Inc.

CQP sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 1.8% and up 2.5% over the past one-week and four-week period, respectively, and Cheniere Energy Partners, L.P. has gained 8.1% in the last one-year period as well. Additionally, an average of 145,673.70 shares were traded over the last 20 trading sessions.

Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.93 to $4.57 per share. CQP boasts an average earnings surprise of 28.8%.

Investors should take the time to consider CQP for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Cheniere Energy Partners, L.P. (CQP) : Free Stock Analysis Report

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